Cheapest Places to Live in Missouri
Missouri offers an affordable cost of living, particularly in smaller towns and cities. With lower-than-average housing costs, Missouri is a great place for those looking to stretch their budget further while enjoying a good quality of life.
Cost of Living in Missouri
Missouri’s cost of living is lower than the national average, which makes it attractive for families, retirees, and individuals seeking to save money. Housing, utilities, and groceries are all more affordable than in many other parts of the country.
| Cost of Living | Missouri | United States |
|---|---|---|
| Overall | 86.8 | 100 |
| Grocery | 95.6 | 100 |
| Housing | 72.2 | 100 |
| Median Home Cost | $183,800 | $291,700 |
| Utilities | 96.1 | 100 |
| Transportation | 97.3 | 100 |
| Miscellaneous | 96.9 | 100 |
Most Affordable Places to Live in Missouri
- St. Louis – Known for its rich history and cultural landmarks, St. Louis offers affordable living with a diverse job market.
- Springfield – With a low cost of living and an abundance of parks and outdoor activities, Springfield is ideal for families and retirees.
- Columbia – Home to the University of Missouri, Columbia offers a combination of affordable living and vibrant cultural life.
- Jefferson City – The state capital offers affordable housing and a slower pace of life, making it a great option for those looking to retire.
- Cape Girardeau – A charming town located on the Mississippi River, Cape Girardeau provides affordable living and excellent healthcare options.
Insurance in Missouri
Missouri offers a range of insurance options, including health, auto, home, and life insurance, often at lower rates than many other states.
Health Insurance in Missouri
Missouri residents can access various health insurance options through private insurers or the state’s health marketplace.
- Medicaid: Missouri provides Medicaid for low-income individuals and families. Medicaid covers a wide array of health services, including doctor visits, hospital stays, and prescription medications.
- Private Health Insurers: Leading private health insurers in Missouri include Anthem, Blue Cross Blue Shield, and Cigna. Residents can also find health plans through the Health Insurance Marketplace.
- Marketplace: For those not eligible for Medicaid, the marketplace offers plans with income-based subsidies. The state’s marketplace is managed under the Affordable Care Act (ACA).
Visit Healthcare.gov for more information on available health plans.
Auto Insurance in Missouri
Auto insurance is mandatory in Missouri, and drivers must carry a minimum amount of liability coverage. The state’s average auto insurance rates are relatively affordable compared to the national average.
Missouri Minimum Coverage Requirements:
- Bodily Injury Liability: $25,000 per person and $50,000 per accident
- Property Damage Liability: $25,000
- Uninsured/Underinsured Motorist Coverage: Missouri also recommends uninsured/underinsured motorist coverage due to the state’s high number of uninsured drivers.
Popular auto insurance providers in Missouri include State Farm, Geico, and Progressive.
Visit the Missouri Department of Insurance for more details: https://insurance.mo.gov.
Homeowners and Renters Insurance in Missouri
Homeowners Insurance
Missouri homeowners insurance typically covers damage caused by fire, theft, storms, and liability. Flood insurance is highly recommended for residents in flood-prone areas, as the state is vulnerable to flooding.
Notable home insurance providers in Missouri include State Farm, Farmers, and Allstate.
Renters Insurance
Renters insurance provides protection for personal property and liability. It’s an affordable option for renters and is offered by providers like Geico, Farmers, and Liberty Mutual.
Senior Healthcare Facilities in Missouri
Missouri provides various healthcare options for seniors, from independent living to skilled nursing care, ensuring that older adults have access to the care they need.
Types of Senior Care Facilities in Missouri
- Assisted Living Facilities
These facilities cater to seniors who require assistance with daily activities but do not need 24/7 medical care. Services typically include meals, housekeeping, and personal care assistance. Leading assisted living facilities in Missouri include Brookdale, The Arbors at Westport and Lutheran Senior Services. - Nursing Homes
Nursing homes provide 24-hour skilled nursing care for seniors with serious medical conditions or health problems. Facilities like St. Louis Nursing Center and The Greenbriar offer skilled care, rehabilitation, and medical services. - Memory Care Facilities
These facilities are specifically designed for seniors suffering from Alzheimer’s disease or other dementias. Memory care units offer a safe environment with professional staff and individualized care. Top facilities in Missouri include Autumn View Gardens and The Residence at Columbia. - Continuing Care Retirement Communities (CCRCs)
CCRCs offer a continuum of care that allows seniors to age in place, with options for independent living, assisted living, and nursing care. Notable CCRCs in Missouri include Lutheran Senior Services and Stonecrest Senior Living.
Choosing the Right Senior Care Facility
To choose the best senior care facility in Missouri, consider the following factors:
- Level of care: Determine whether your loved one needs independent living, assisted living, or skilled nursing care.
- Cost: Compare prices of different facilities and check if Medicaid or long-term care insurance is accepted.
- Location: Choose a facility that is conveniently located for family visits.
- Services and amenities: Look for activities, meals, and transportation services that match your loved one’s lifestyle.
- Reputation: Check the facility’s reviews and ratings from the Missouri Department of Health and Senior Services.
Visit the Missouri Department of Health and Senior Services for more information: https://health.mo.gov.
Conclusion
Missouri provides affordable living, competitive insurance options, and a range of senior care services, making it an attractive state for retirees and families alike. The cost of living is lower than the national average, and insurance rates for health, auto, and home are also more affordable. Whether you’re relocating, purchasing insurance, or seeking senior care services, Missouri offers plenty of options for those looking for a high quality of life at a reasonable cost.